James Packer's casino

The real story behind James Packer’s casino

PHOTO: Packer put forward his Crown Sydney project in 2012 under a NSW State Government major infrastructure policy for ‘unsolicited proposals’ which did not require a tendering process

  • James Packer’s Crown Sydney resort is due to open at Barangaroo in December
  • Packer won the right to run Sydney’s second casino without any tender process 
  • An inquiry has been told Packer is an unsuitable person to hold a casino licence
  • That inquiry has examined alleged links between Crown and underworld figures
  • It has also looked at how Crown previously failed to prevent money laundering

Legend has it a Texan oil magnate once challenged Kerry Packer to a game of poker at the Stratosphere Casino in Las Vegas by telling the media mogul, ‘I’m worth $60million’.

Packer is said to have looked at the oil man, pulled a coin from his pocket and said, ‘I’ll toss you for it’.

The late billionaire and gambling behemoth had long wanted to run his own a casino in Sydney but not even his money, power and connections could get the deal done.

That job was left to his only son James, who supposedly used charm over bullying in his negotiations to win the city’s second casino licence – without it even going to tender.

But he too may yet falter, just a month out from the planned opening of Crown Sydney, the city’s tallest building and Packer’s lasting family monument.

James Packer risks losing his licence to operate the Crown Sydney casino at Barangaroo on the harbourfront. The resort is due to open in December but an inquiry into Crown's suitability to operate a casino is ongoing. Packer is pictured inspecting the Crown Sydney site in January

James Packer risks losing his licence to operate the Crown Sydney casino at Barangaroo on the harbourfront. The resort is due to open in December but an inquiry into Crown’s suitability to operate a casino is ongoing. Packer is pictured inspecting the Crown Sydney site in January

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